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  "documentTitle": "58.com Inc. (WUBA)",
  "authorId": "62_Grizzly_Research",
  "authorName": "Grizzly Reports",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-02-01 00:00:00",
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  "notes": "The slide uses two tables to demonstrate the material impact of potential goodwill impairment on shareholder equity and net income.",
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      "text": "It is obvious that impairment charges would have a material impact on WUBA's shareholder equity, even if only 25% of the total goodwill was impaired, which would account for 13.3% of the company's shareholder equity.",
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      "text": "goodwill impairment: 53.1%",
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      "text": "The market cap loss of $16.14 billion was more than the $15.44 billion impairment charges to its goodwill and intangible assets. As of today, the stock has fallen 35.4% since it took these impairments.",
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      "text": "Source: company's 20Fs and earnings releases",
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      "text": "Table comparing GAAP and non-GAAP net income from 2013-2018 against Ganji goodwill.",
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